Wolverine Trading LLC Makes New Investment in Element Solutions Inc (NYSE:ESI)

Wolverine Trading LLC acquired a new position in shares of Element Solutions Inc (NYSE:ESI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,938 shares of the company's stock, valued at approximately $305,000.

Other institutional investors have also modified their holdings of the company. State of Wyoming grew its stake in shares of Element Solutions by 40.1% in the fourth quarter. State of Wyoming now owns 47,452 shares of the company's stock worth $1,207,000 after purchasing an additional 13,577 shares in the last quarter. Shellback Capital LP lifted its holdings in Element Solutions by 13.6% in the fourth quarter. Shellback Capital LP now owns 439,459 shares of the company's stock worth $11,175,000 after purchasing an additional 52,563 shares during the period. Silvercrest Asset Management Group LLC increased its stake in Element Solutions by 3.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 5,026,543 shares of the company's stock valued at $127,825,000 after buying an additional 146,570 shares during the period. Point72 Asset Management L.P. raised its position in shares of Element Solutions by 82.1% during the 4th quarter. Point72 Asset Management L.P. now owns 649,717 shares of the company's stock worth $16,522,000 after buying an additional 292,839 shares in the last quarter. Finally, Polar Asset Management Partners Inc. lifted its stake in shares of Element Solutions by 61.6% in the 4th quarter. Polar Asset Management Partners Inc. now owns 162,075 shares of the company's stock worth $4,122,000 after acquiring an additional 61,775 shares during the period. Institutional investors own 92.32% of the company's stock.

Insiders Place Their Bets

In related news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the completion of the sale, the director now directly owns 109,100 shares in the company, valued at approximately $2,847,510. This trade represents a 94.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.90% of the company's stock.

Element Solutions Trading Up 0.9%

Shares of Element Solutions stock traded up $0.20 during trading on Wednesday, hitting $21.61. The stock had a trading volume of 1,408,431 shares, compared to its average volume of 1,963,675. Element Solutions Inc has a 1 year low of $16.77 and a 1 year high of $29.78. The stock has a 50 day simple moving average of $20.53 and a 200 day simple moving average of $24.22. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $5.24 billion, a PE ratio of 21.19, a P/E/G ratio of 2.30 and a beta of 1.24.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $593.70 million for the quarter, compared to analysts' expectations of $576.73 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. On average, research analysts expect that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.48%. Element Solutions's payout ratio is presently 26.89%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ESI. BMO Capital Markets cut their target price on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. UBS Group lowered their target price on Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Bank of America upgraded shares of Element Solutions from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $29.00 to $24.00 in a research report on Tuesday, April 15th. Barclays reduced their price objective on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, The Goldman Sachs Group dropped their target price on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.38.

Element Solutions Company Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.